in

Fed’s Jefferson: inflation ‘insidious,’ need to bring it down

“I care very much about how the labor market performs because for most people in the U.S. economy, their standing in the labor market will very much determine their station in life, so that’s something I’m very mindful of,” Jefferson said in answer to a question at conference at the Hoover Institution.

“But I also am aware that inflation is the most insidious of social diseases, and so it’s important to try to get it down,” he said.


Source: Economy - investing.com

Luminar Tech CEO Russell to acquire majority stake in Forbes

China’s Oppo to shut down chip design unit as smartphone sales slump